Major factor driving growth of the global automotive suspension market is increasing production of vehicles across the globe and rising disposable income in developing countries. In addition, rising preference for vehicle with improved handling and enhanced comfort is expected to support growth of the global automotive suspension market.

The global automotive suspension market is segmented on the basis of system type, component type, vehicle type, damping type, and region.

On the basis of system type, the global automotive suspension market is segmented into dependent (rigid) suspension system and independent suspension system. The dependent (rigid) suspension system segment is estimated to dominate the global automotive suspension market. The independent suspension system segment is projected to register highest CAGR over the forecast period.

On the basis of component type, the global automotive suspension market is segmented into springs, control arms, shock absorbers/dampeners, ball joints, and others. The springs segment is estimated to dominate the global automotive suspension market. The ball joints segment is projected to register highest CAGR over the forecast period.

On the basis of vehicle type, the global automotive suspension market is segmented into passenger vehicles, and commercial vehicles. The passenger vehicle segment is estimated to dominate the global automotive suspension market.

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On the basis of region, the global automotive suspension market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

The market in Asia pacific is expected to account for largest share in the global market in terms of revenue, owing to increasing production of vehicles in countries such as India and China in this region. The market in Europe is expected to account for significant revenue share in the global market. The market in North America is projected to register highest CAGR in terms of revenue over the forecast period, owing to increasing government initiatives towards vehicle comfort and safety.

Key players operating in the global automotive suspension market include KYB Corporation, Hendrickson USA, L.L.C, Gabriel India Limited, FOX Factory, Inc., WABCO Holdings Inc., Continental AG, ZF TRW Automotive Holdings Corp., Magneti Marelli S.p.A, Tenneco Inc., and Sogefi SpA.